10-17: multi family, Strip centers, Five Guys, CVS

1. Multi-family in Everett, WA: 2 2-story four-plex with combined 8800 SF built in 1997 in Seattle metro with 2-car garage per unit. 100% occupied.  NOI $95K/yr. $1.09M. 7% cap.
2. Strip Mall in Liberty Lake, WA: 10,843 SF 5-yrs old strip center on 2.28 ac lot in a rapidly growing and affluent suburb of Spokane. 100% NNN leased to 7 tenants.  NOI $145K/yr. $1.93M. 7.5% cap.
3. Five Guys in Farmington, CT: 2100 SF fast food restaurant directly across from Tunxis Community College with an average of 6,000 students in Hartford metro.  AHI of $99K/yr in 1 mile.  10 yrs NNN- lease.  NOI $95K/yr. $1.58M. 6% cap.
4. Shopping center in Pembroke Pines, FL: 21,342 SF 21-unit retail center in Fort Lauderdale metro.  NOI $161K/yr. $2.3M. 7% cap.
5. Retail Center in Everett, WA: 11,908 SF retail center in Seattle metro.  Shadow anchored by Safeway.  90% NNN leased to 10 tenants.  NOI $372K/yr. $5.43M. 6.85% cap.
6. CVS in Houston, TX: 12,000 SF drugstore in high growth, high income area.  100% NNN lease to CVS (BBB+ S&P rating) with 15 yrs left.  NOI $257K/yr. $4.292M. 6% cap.
7. Shopping Center in Marysville, WA: 17,930 SF shopping center on 1.29 ac lot in middle class Seattle metro. 92% leased.  NOI $234K/yr. $3.1M. 7.56% cap.
8. Shopping Center in Houston, TX: 87,248 SF shopping center on 7.31 ac lot. 82% leased.  9.6% cap.  NOI/price not avail.
9. Shopping Center in Chicago, IL: 29,762 SF shopping center anchored by 18,750 SF Walgreens and shadow anchored by Shop and Save Market grocery store.  High income area with over 650K residents in 5 miles. NOI $550K/yr.  7.1M. 7.75% cap.  Buyer to assume $4.2M loan.
10. Strip Center in La Mesa, CA: 8446 SF strip center on .59 ac lot in San Diego metro. 91% leased. NOI $108K/yr. $1.7M. 6.4% cap.

            (c) Transmercial 2014